British artist Damien Hirst faces allegations of backdating 1000’s of work in his NFT artwork mission, ‘The Currency’. A latest investigation means that a minimum of 1,000 of the ten,000 dot work had been produced years later than the claimed date of 2016.
Launched in 2021, ‘The Currency’ featured 10,000 dot work the place consumers had to decide on between a bodily portray or a corresponding NFT, with the unselected choice being destroyed. Every portray was inscribed with the date 2016 and Hirst’s signature.
The mission bought out rapidly, producing almost $90M and over 5,000 consumers selected bodily work, whereas nearly 4,000 chosen NFTs, ensuing within the destruction of its bodily counterparts. In October 2022, Hirst and his staff publicly burned nearly half of the bodily assortment throughout an Instagram livestream.
Supply: Damien HirstArtwork Group Divided Over Misdated Work
Based on the investigation, supported by 5 nameless sources concerned within the creation course of, claims that many of those dot work had been truly produced in 2018 and 2019. These sources described the large-scale manufacturing effort, involving painters in Hirst’s studios in Gloucestershire and London, the “Henry Ford production line.”
In response to the allegations, Hirst’s attorneys acknowledged that the courting of ‘The Currency’ work follows the artist’s regular practices and conceptual artwork conventions. They argue that the date refers back to the mission’s inception quite than the person creation of every piece.
The artwork group is split over these revelations and critics argue that misdating undermines the integrity of ‘The Currency’, whereas supporters imagine it’s according to Hirst’s inventive strategy.
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